Nigeria’s Tariff Increase On Antimalarial Drug Imports Could Inadvertently Widen Market For Fake Drugs
Quartz: Nigeria is raising tariffs on yachts and sports cars, but also antimalarial drugs
“…Conspicuously, Nigeria will also raise import taxes for antimalarial drugs also terming them as ‘luxury goods.’ For its part, Nigeria’s government, through the health minister, has denied the tariff hike, but a ministry of finance document suggests the additional taxes on antimalarial drugs have been approved by the president since last October. The drugs, previously tariff-free, will now attract a 20 percent rate in a move that has been widely criticized. By hobbling antimalarial drug imports, the policy could inadvertently provide a bigger market for local manufacturers of fake drugs…” (Kazeem, 1/4).